A Suitor for San Luis
Jamestown, which embarked a while ago on a strategy to buy street-level retail in vibrant communities, has acquired a portfolio in downtown San Luis Obispo. It consists of seven retail assets totaling 195k SF, including CourtStreet Centre (above) and three officeproperties containing 28k SF. Copeland Properties contributed the portfolio. A spokeswoman says the transaction was a trade in which Jamestown acquired the properties in exchange for giving Copeland a $50.5M equity stake in its Premier Property Fund, which also includes a two-building, mixed-useproperty at 22 Fourth St in San Francisco. (Today is a big day for us, as this photo confirmed our suspicion that San Luis Obispo is also Mr. Rogers Neighborhood.)
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